Farmland sales seem to be on the rise and a recent auction in northwest Iowa really shows that.
A 76.5-acre farm just sold for over $2 million. That is nearly $27,000 per acre.
The land, split into two tracts, attracted significant attention, with about 1,000 people tuning in to watch the auction.
While farmland values across Iowa have dipped recently, high-quality properties like this one are still fetching top prices, thanks to prime soil and strong corn productivity.
Related Stories
Soybean farmer and Arkansas Lt. Gov. Leslie Rutledge highlights why the U.S. trade standoff with China is especially critical for Arkansas producers.
NEFB President Mark McHargue provides an update from the Husker State, where farmers are working hard to bring in one of the largest harvests in recent years.
Todd Miller, CEO of Head Honchos, shares about his business offering to ease agricultural labor shortages.
Having a good read on fuel prices is a must during harvest, but one analyst says grain farmers should also be watching the crude oil markets.
National Farmers Union (NFU) President Rob Larew discusses the urgent need for aid as farm families face mounting input costs and long-term market uncertainty.
The new antitrust agreement between the Department of Justice (DOJ) and the U.S. Department of Agriculture (USDA) aims to enforce antitrust laws and monitor market activity across the ag sector.